President Obama addressed the looming fiscal cliff — $600 billion in tax increases and spending cuts set to begin Jan. 1 — from the White House on Friday, telling Congress that the "the majority of Americans agree" that the wealthiest citizens should pay higher tax rates, and that those making less than $250,000 a year should not have to see their tax rates increase. Obama, signaling that he would sign a bill that avoids a middle-class tax increase "right now," added that the government's "top priority has to be jobs and growth." The president has also invited congressional leaders to the White House next week to begin negotiations on how to avoid the fiscal cliff.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The 11 worst fast food restaurants in America
- I hate Ayn Rand — but here's why my fellow conservatives love her
- Here's the schedule very successful people follow every day
- Why Peter Capaldi has a bigger challenge than any Doctor Who in history
- The weird obsession that's ruining the GOP
- 7 grammar rules you really should pay attention to
- 7 things the world's happiest people do every day
- A scientific fact-check of 2001: A Space Odyssey
- The secret to Gabrielle Hamilton's amazing grilled cheese sandwiches
- Why are so many parents being arrested?
Subscribe to the Week